Business

Business – Gist Alerts

Meet Yemi Cardoso The Newly Appointed CBN Governor

Olayemiu Michael Cardoso was on Friday 16th September, appointed the Governor of the Central Bank of Nigeria (CBN) by President…

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Nigeria’s Inflation Rate Accelerates To 25.80% In August

Nigeria’s inflation rate has accelerated to to 25.80% in the month of August 2023 1.72% points higher than the 24.08%…

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Naira Weakens To N950/Dollar As Forex Scarcity Gets Worse

The naira weakened further to the dollar on Wednesday after closing at 950/$ at the parallel market. According to Bureau…

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FG Delists 37 Illegal Loan Apps

According to a recent report by the Federal Competition and Consumer Protection (FCCPC), the number of delisted loan apps has…

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Naira Steps Up At Investors and Exporters Window

The Nigerian currency, naira (#) has stepped up at the investors and exporters window. This is so as it sold…

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Nigeria’s GDP Growth Reduces To 2.51%

Nigeria’s Gross Domestic Product has reduced to 2.51 percent (year-on-year) in real terms in the second quarter of 2023. This…

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Nigeria’s Inflation Rate Increases To 24.08% Amid Forex Scarcity

In between shortage of foreign exchange, Nigeria’s inflation rate has increased to 24.08% in July 2023, the highest in years.…

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Naira Slides Further As Dollar Shortage Hits Banks

The huge gap between the demand and supply of dollars in the banks and at the parallel market has continued…

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GlaxoSmithKline Nigeria To Shut Down Operations

GlaxoSmithKline Consumer Nigeria Plc has announced plans to close down its operations in the country. This was disclosed in a…

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CBN Lifts Ban On AbokiFX, Bamboo, Nairabet, Others

The Central Bank of Nigeria (CBN) has ordered banks to vacate a post-no-debit restriction placed on the bank accounts of…

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